Bullish bias set up
The price structure on Thursday including the beginning of the Asia in the daily session of the S&P 500 implies a market going into Friday labor numbers with a bullish bias. If this is true that buyers are here, a close above 6120 would be an indicator of confidence in holding a long position going into the weekend. This would mean further follow through on Monday would be expected.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.